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Technology Stocks : E Loan Inc -EELN

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To: Mohan Marette who wrote (482)7/30/1999 2:53:00 PM
From: stockman_scott   of 817
 
FYI....a guide to the online mortgage sites...

zdnet.com

<<A Guide To Online Mortgage Sites
By Kimberly Weisul, Inter@ctive Week
July 19, 1999 10:13 AM ET

All mortgage sites are not created equal. Here, a list of what to expect from each.

E-Loan (www.eloan.com)
E-Loan works with more than 70 lenders, but it also sometimes acts as its own mortgage bank. E-Loan handles customer service in-house, with its own employees walking borrowers through the process once the loan application is received by E-Loan. The company promises a 24-hour response time on weekdays.

The E-Loan folks assume you know what you're doing and that you're serious about getting a loan. The loan calculators don't help you figure out how much you can afford; instead, they zip straight to pre-approval. E-Loan also offers two e-mail services to help borrowers monitor their own loan and changing interest rates.>>
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